Weekly Wool Prices

Week Ending 28 April (Week 43)

Erratic price movements in the Merino fleece and skirting sectors and stable pricing in the carding and crossbred sector was the trend at Australian wool auction markets this week. The market in the Merino fleece initially struggled to find a level where buyers were happy to support and prices for wools broader than 18 micron drifted downward by 30ac clean/kg. This negative trend failed to last more than a day and prices immediately moved back to the positive direction on the final day and recovered more than half of the previous day’s losses.